Overview

Project stage

Only a whitepaper

Detailed description

Popular digital currencies, such as BTC, ETH and NEO, are unable to become means of payment as a result of their huge price volatility, which to a large extent impedes the current blockchain projects getting down to earth. Alchemint uses smart contract to allow distrib-uted creations of sdusd (a kind of stablecoin dynamically pegged to USD) with the collateralization of various crypto-assets, as backed by a set of mechanism that secures the stability of sdusd’s value. Having all the characteristics of crypto-currency, sdusd is additionally able to keep its own value sta-ble. Being user-friendly, sdusd can be sent to others, used to settle prices for goods and services or held as long-term saving. Sdusd will also serve as an essential medium of exchange for crypto-currency trading platforms. Initially, Alchemint’s platform supports one single type of asset to be collateralized, which is NEO.

Subsequently, Alchemint will embrace assorted collateral assets and accept the reserve and mortgage of tokenized traditional assets, such as gold, real estate, fund units and etc., with a view to meeting consumer grade liquidity needs for stablecoins. Down the road, sdusd will grow into an important value transmission tool for blockchain-based appli-cations and be applied to various business scenarios. In addition, sdusd will provide users with expe-rience of freedom, fairness and swiftness in the Internet world and build up a more efficient business development system with lower costs for crypto start-ups to boom.

Problem

Current problems:

Price fluctuation is a major barrier for adopting digital currencies for payment.

Exchanges and investors are lack of enough means to avoid market risk.

Blockchain financial services can hardly be executed, such as loan.

The adoption of some Dapps which use unstablecoins will meet resistance from the market,such as the “blockchain version of Uber or Airbnb”.

In ICO events, blockchain teams and investors are exposed to financial lose.

Solution

Stablecoin Solution:

Stablecoins have almost no price fluctuation and are more likely to achieve wide adoption as a payment method.

Stablecoins can become a safe haven for the digital currency trading market.

Stablecoin enables the traditional financial services to be transferred into the blockchain world.

Stablecoin helps Dapps to hit the ground.

Stablecoin eradicates that risk in fundraising events.

Features

Centralized collaterization mode (IOU mode)

Seigniorage Shares mode

Decentralize collaterization mode

Show details

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :SDT

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 16,000,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :NEO (NEP-5)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 SDT

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH, NEO,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Australia, China, Japan, Singapore, USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Activity

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